Using a critique of a former Bank of Japan official’s book as a starting point, this essay examines Japan’s long-term deflation as a historic policy failure and argues that Asahi Shimbun functioned as a tool to diminish Japan’s stature, serving the strategic interests of South Korea and China.

2016-05-23

Above the previous chapter, there is a book review of The Day the Central Bank Ends, written by Mitsuru Iwamura, born in 1950, a man who once served as a Bank of Japan councillor, but I thought this was an utterly worthless book.
The reason is that this man must have been serving as a BOJ councillor during the very period when the Bank of Japan continued to create what is known as “Japan’s Lost Twenty Years.”
Until Shinzo Abe returned to power, he should have been one of the very people responsible for creating Japan’s uniquely long-term deflation, the first of its kind among advanced nations.
Japan-style long-term deflation is now nothing less than a historic example of policy failure and misgovernance, something that countries all over the world detest as if it were a venomous creature.
As I have mentioned repeatedly, Asahi Shimbun was also responsible for creating this situation.
I am now convinced that Asahi Shimbun was a company completely controlled by the governments of South Korea and China, and by their information and intelligence agencies.
What South Korea and China have done is to diminish Japan, to keep it as a political prisoner within the international community.
That is, to prevent the Japanese people from becoming absolutely aware of the true scale and greatness of the nation called Japan.
At the same time, by constantly manipulating media such as Asahi in order to extract enormous sums of aid from Japan—which in reality is a major world power and economically the world’s superpower second only to the United States—China ultimately succeeded in drawing out more than 30 trillion yen, the largest amount of aid in human history, part of which, as I have already noted, must have been used for assistance to Africa.
South Korea obtained aid amounting to as much as three times its national budget at the time, linking this to the Miracle on the Han River and rapidly developing its economy.
Commentators who knew the true nature of Asahi Shimbun continued to describe it as a newspaper that wrote self-deprecating articles, but in fact, it was nothing of the sort.
In this chapter, I define for the first time in Japan that Asahi Shimbun was completely in the hands of South Korea and China.
In other words, it was not a matter of self-loathing at all; it merely wrote exactly what it was instructed to write, allowing their intentions to permeate every corner of Japan.
Recently, I realized that media outlets such as Asahi Shimbun have absolutely no desire to make their own country larger or stronger, or even to try to do so, and I was the first in the world to write about this.
I am convinced that Asahi Shimbun had no wish to make Japan a great or strong nation precisely because it was being manipulated by South Korea and China.
There is little doubt that this author, Iwamura, was also a subscriber to Asahi Shimbun.
Therefore, it is no exaggeration to say that he too was indirectly manipulated by South Korea and China,
and that he had absolutely no conception of wanting to make Japan a large or strong country.
That is precisely why he could remain completely untroubled even after creating deflation that lasted for thirty years.